CommercialRiu Hotels and Resorts reportedly searching for Vancouver site

Riu Hotels and Resorts reportedly searching for Vancouver site

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47-storey Burrard & Davie tower one step closer

Prima Properties is moving forward with plans for a 47-storey, mixed-use tower at the corner of Davie and Burrard in Vancouver’s West End.

Davie Street tower grows another four floors to reach 47 storeys

Prima Properties initially held an open house in July 2018 for a then-43-storey tower on the site of the Davie Village community garden, which was formerly a service station. Now, an official rezoning application has been filed with the City of Vancouver, for a 47-storey mixed use building.

43-storey tower proposed next to Fountainhead Pub at Burrard and Davie

Prima Properties held an open house Wednesday for an...

Spanish hotel chain Riu Hotels and Resorts is actively searching for a site in downtown Vancouver, according to a recent media report in the Globe and Mail.

The article (note: paywall) highlighting Riu’s upcoming Toronto hotel tower revealed that the hotelier has engaged Cushman & Wakefield to help find a suitable site for a Riu hotel in Vancouver.

There are two upcoming hotel projects planned in downtown Vancouver, both within residential condominium towers, which is a similar arrangement to the Toronto project.

In the Toronto development — scheduled to open in 2021 — Riu will occupy the first 28 storeys of a 48-storey tower, with 353 hotel suites and condominiums above.

The two upcoming downtown Vancouver developments with hotel components are significantly smaller, but theoretically could be reworked to include more hotel rooms, especially given Vancouver’s slowing condominium market.

150 Robson Street – Catholic Charities building

Amacon is planning a 29-storey residential tower with a hotel component at 150 Robson Street. The existing Catholic Charities building will be converted into a hotel rooms, with the condo tower constructed above. Hotel rooms will be located in the heritage structure as well as a new addition at Robson and Beatty.

The number of rooms were not specified in the rezoning application, but would likely need to be increased substantially to be suitable for a Riu hotel.

150 Robson Amacon October 2017 rendering Beatty
The hotel addition as seen from Terry Fox Plaza. Credit: GBL Architects

Davie and Burrard tower

At Davie and Burrard, Prima Properties is planning a 47-storey tower with up to 50 hotel rooms. Across the street on the current site of an Esso service station, new owners Concord Pacific are said to be working on a mixed-use development that could also be a good fit for Riu.

1157 Burrard Street tower drawing
1157 Burrard Street tower drawing. Credit: Prima Properties

Four Seasons or Trump Tower

Another option for Riu could be the eventual redevelopment of the Four Seasons Hotel at CF Pacific Centre. The hotel is scheduled to close in January 2020.

Also, it’s no secret that many in Vancouver, including city hall officials, would like to see the Trump name removed from the Trump International Hotel and Tower Vancouver on West Georgia, another potential option for Riu.

Trump Tower Vancouver
A second sign, which looks similar to what was proposed in the renderings, flanks the west wall of the building.

Vancouver’s hotel market is among the most underserved and profitable in Canada.

A 2018 BC Business report indicated that in the 12 months ending in June 2018, Vancouver’s 79.1 per cent hotel occupancy rate was the highest of any Canadian major market, followed by Toronto’s 77.1 per cent. Vancouver also led for average daily rate, which climbed 10.6 per cent, to $194.47.

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Peter Meiszner
Peter Meisznerhttps://www.peterforvancouver.com/
📢 I am running for Vancouver City Council with A Better City (ABC) and Ken Sim! Visit peterforvancouver.com for more information.
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